adverts
As floods, fires, and extreme weather events continue to batter small businesses across Ghana, Advans Ghana Savings and Loans has introduced a new financial lifeline aimed at helping affected enterprises rebuild and recover quickly.
The facility, dubbed the “Restart Loan”, is specifically designed to support micro, small, and medium enterprises (MSMEs) hit by climate-related shocks and other external disruptions that often wipe out stock and cripple operations overnight.
Launching the initiative in Accra, the Chief Executive Officer of Advans Ghana, Guillaume Valence, said the product was born out of years of observing the vulnerabilities faced by clients, particularly those operating in high-risk zones prone to flooding and fire outbreaks.
adverts
“We have seen clients face shocks such as fires… as well as floods and extreme heat. These events can completely disrupt businesses, and we realised the need to go beyond traditional lending to help clients recover quickly,” he said.
Under the Restart Loan, affected businesses will have access to flexible loan durations, discounted interest rates, and customised repayment terms, enabling them to restock and rebuild more resilient operations.
The facility is further backed by an existing credit risk insurance scheme, which helps settle outstanding loans in the event of disasters, offering an added layer of financial protection.
Valence stressed that the initiative aligns with the company’s long-term climate strategy, focused on identifying risks and delivering practical, client-driven solutions.
“In business, there are good times and bad times. We want our clients to know that we are their partner through all these phases… ‘ye kura wo mu’, he added.
Chief Sales and Distribution Officer Barbara Odei explained that the facility will be tailored to individual clients, with loan amounts and terms determined based on the extent of losses and repayment capacity.
Meanwhile, Chief Business Development Officer Seth Micah Nunoo highlighted the ease of access, noting that eligible clients only need to contact their relationship officers after experiencing a climate-related disruption.
He emphasised that climate change is already having real economic consequences, particularly for Ghana’s informal sector.
“When floods or fires affect these small businesses, it goes beyond individual losses; it impacts livelihoods and the broader economy. That is why building resilience is critical,” he said.
Beyond financial support, Advans Ghana says it is investing in client education and awareness to help businesses better understand climate risks and adopt preventive measures.
With over 140,000 clients nationwide, the institution is positioning the Restart Loan as part of a broader commitment to strengthening resilience and ensuring business continuity in an increasingly unpredictable climate.
The initiative signals a growing recognition within Ghana’s financial sector that climate resilience is now central to economic sustainability, especially for small businesses on the frontlines of environmental shocks.
Click the link Puretvonline.com | WhatsApp Channel to join the WhatsApp channel
GOT A STORY?
Contact/WhatsApp: +233243201960 or manuelnkansah33@gmail.com
